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- Gate July 2025 Transparency Report:
Accelerating Leadership in the Global Crypto Landscape!
#GateTransparencyReport# - 📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
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Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
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Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
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1️⃣ #Show My Alpha Points# | Share your Alpha points & gains
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Fed follows stablecoin development: The GENIUS Act may stimulate demand rise.
On August 21, the Fed released the minutes from the July meeting, which mentioned that many participants discussed recent and future developments related to payment stablecoins and their potential impact on the financial system. These participants noted that with the recent passage of the GENIUS Act (the U.S. Stablecoin Innovation and Protection Act), the use of payment stablecoins may increase.
They stated that payment stablecoins help improve the efficiency of payment systems and also observed that such stablecoins may increase the demand for the underlying assets that support them, including U.S. Treasuries.
In addition, participants expressing their opinions are also concerned that stablecoins may have broader implications for banks, the financial system, and the implementation of monetary policy, and therefore warrant close attention, including monitoring the various assets used to back stablecoins.